Materials Weekly Round-up: Intrepid Potash, Ramaco among top gainers; Zymergen among losers

Key Facts

• Alcoa CFO William Oplinger does not expect the Russian invasion to have a direct impact on the company, but expects it will result in sustained higher aluminum prices and tighter alumina supply.
• The week's top five gainers among Basic Materials stocks ($300M market cap or more) were: * Intrepid Potash (NYSE:IPI) +34.09% and Ramaco Resources (NASDAQ:METC) +30.20%; Both companies rose amid a rally in the larger energy and natural resources sector as crude oil prices rocketed.
• The week's top five losers among Basic Materials stocks ($300M market cap or more) were: Zymergen (NASDAQ:ZY) -17.81%; Stock has slid 91.42% over the past one year period Mp Materials (NYSE:MP) -16%; The company recently reported better than expected Q4 earnings; however sales volumes declined.
• • Lithium Americas (NYSE:LAC) -13.94%; The firm announced earlier this week that it is exploring possible separation of its U.S. and Argentina operations through the creation of a standalone public company focused on the development of its Thacker Pass lithium project in Nevada.

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